[Drago]

I don’t know the financial world but this sounds like the US gov’t taking $Billions out of one pocket and buying US treasuries to shove into the other pocket.

IOW, the US treasuries aren’t selling...
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Yeah its is called "monetizing the debt"....something that past Fed chair Bernanke said we would never do. (His quote was 2012 or so).

[Justa]

The real trick would be using the bond holdings to fulfill capitalization requirements. “See, I have assets, these 10 trillion IOUs to myself are my assets.”